Kenya Power names Finance GM as acting CEO replacing Chumo

January 4, 2017

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Tarus has served as Kenya Power’s General Manager, Finance for two years. He had previously served as the Chief Finance Manager at the Rural Electrification Authority.

By KENNEDY KANGETHE, NAIROBI, Kenya, Jan 4 – Kenya Power has appointed Kenneth Tarus as the acting Managing Director and CEO, taking over from outgoing Dr. Ben Chumo, whose term ends on January 7th, 2017.

Chumo has been the MD and CEO since 2014, and has attained the Government’s mandatory retirement age of 60 years.

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The Board’s efforts to extend Chumo’s stay in office was thwarted by the Labour Relations Court when it ruled in favor of activist Okiya Omtata’s petition barring the Board from recommending a term extension to the Energy Cabinet Secretary.

Speaking during the announcement, Tarus said he is optimistic of steering the company to greater heights, and carry on the transformation work Chumo had started.

Kenya Power Chairman, Kenneth Marende, says the Board is confident that everything will run smoothly under Tarus watch, as recruitment for a substantive CEO begins.

“Tarus has over 20 years experience in leadership and management with five in the energy sector that include Rural Electrification Authority,” said Marende.

Tarus has served as Kenya Power’s General Manager, Finance for two years.

He had previously served as the Chief Finance Manager at the Rural Electrification Authority and DVC Finance, Planning and Admin at KCA University. and is a Certified Public Accountant, holds a Bachelor of Commerce degree and an MBA from the University of Nairobi.

He holds a PhD from Kabarak University, a Bachelor of Commerce Degree and an MBA from the University of Nairobi.

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KENNEDY KANGETHE Kennedy is a Bachelor of Arts in Communication graduate from St. Paul's University and has been writing for the Capital FM Business Desk since 2013, Besides business news, he enjoys traveling, public